Research On Financial Risk Evaluation Of Kaiyuan Education Company Based On Efficacy Coefficient Method

At present,the development of China’s manufacturing industry is facing multiple negative factors such as the strengthening of resource and environmental constraints,the disappearance of the demographic dividend,the impact on the cost advantage of emerging economies and the technological blockade of developed countries.In the process of accelerating the development of advanced manufacturing industries,promoting the climbing of manufacturing industries to the middle and high end of the value chain,achieving high-quality development of manufacturing industries and transforming into a manufacturing power,vocational education is urgently needed to deliver technically skilled talents.The wide range of groups benefiting from vocational education,the variety of training contents and the employment skills involved will,to a certain extent,promote the growth of demand for vocational skills training,and vocational education shows the prospect of a sprawling market.However,in recent years,due to the impact of the epidemic and other unexpected events,online education and training has rapidly seized the market,while the offline education and training model has been greatly impacted.In the face of fierce market competition and a changing external environment,the financial problems of traditional education and training enterprises have been intensified and their normal operation is under great threat.Therefore,traditional education and training enterprises must pay attention to financial risk control in every aspect of their business activities in order to enable them to achieve sustainable and healthy development.This paper adopts the literature research method,case study method,entropy value method and efficacy coefficient method,which is based on the literature of financial risk management theories at home and abroad,takes Kaiyuan Education as the research object,takes into full consideration the risk characteristics of the education training enterprise industry and the operation situation of Kaiyuan Education,selects 13 indicators from the four dimensions of financing,investment,operation and growth to evaluate financial risk,and constructs a financial risk evaluation model combining entropy value method and efficacy coefficient method.The financial risk evaluation model was constructed by combining the entropy value method and the efficacy coefficient method.By using the model to conduct a comprehensive evaluation of the financial risks of Kaiyuan Education and analyzing the evaluation results,it was found that the financial risks faced by Kaiyuan Education in the past five years were mainly in the following areas: unreasonable scale of long-and short-term financing,high premium mergers and acquisitions,inadequate implementation of cost control measures and serious loss of talents.Based on the above problems,this paper proposes risk control measures in terms of reducing debt risk,improving profitability,enhancing sustainable development and strengthening internal management,with a view to reducing the overall financial risk level of Kaiyuan Education.This paper constructs a financial risk evaluation model for Kaiyuan Education with a view to help business managers identify problems and avoid major financial crises in a timely manner,as well as providing some ideas for Kaiyuan Education to carry out risk evaluation and control.It also provides a reference for other education and training enterprises in the same industry.